Think about your retirement dreams and realities to set a savings goal for the future. House-sitting stretches nest eggs by combining two big retiree expenses: travel and housing.
Here’s how to get rid of excess stuff as you transition into retirement. 1. Use cash back apps. Some apps allow you to earn money back on items you buy. For regular purchases like food, this is a great way to bring in some extra cash as you shop for necessities. Once you download the app and follow the instructions, you may receive a portion of the purchase price back. Other services allow you to earn cash back on your online purchases. You’ll want to make your shopping list ahead of time and stick to rebates for items you actually need to avoid overspending.
Privacy / Terms & Conditions Privacy / Terms & Conditions 6 Ways to Earn Passive Income When You’re Retired Leverage your expertise.
Try out a hobby job. Best ETFs [Read: 6 Ways to Diversify Income Streams in Retirement.] When only one spouse retires, you need a plan to live on a single paycheck.
Investing Avoid Returning to Work After Retirement 401(k)s Globetrotting on a Fixed Income Financial Advisors More from U.S. News
4. Try peer-to-peer lending. This is a newer way to invest your money for more immediate income. You can lend to others through lending cooperatives like Prosper or Lending Club. You’re basically becoming the bank for someone who needs to borrow money. With peer-to-peer lending, you take on higher risk, but also have the potential to reap higher rewards. The interest rates you can charge are higher than what you are likely to receive from a bond or certificate of deposit, and you’ll often get your return on the investment more quickly.
On Retirement Emily Brandon | July 17, 2018 Medicare × Stock Market News
Emily Brandon | June 25, 2018 Rethink the $1 Million Goal to Retire
Save for retirement by implementing an investment plan that meets your specific goals. Sponsored by
[Read: 6 Ways to Diversify Income Streams in Retirement.] You have a lifetime of accumulated possessions clogging up your garage, attic and basement. Clear out those spaces and see what items you can sell. You can try a traditional garage sale or write up a description and sell it on Craigslist, eBay or another website.
Avoid Returning to Work After Retirement Rankings and Tools The Most Important Ages for Retirement Planning: Age 59 ½
Cars Rodney Brooks | July 20, 2018 IRAs (iStockPhoto) How to Open a Bank Account Overseas
Here’s how to tell if you are an exceptionally good retirement saver. About On Retirement The senior citizen population is increasing in these retirement spots.
Abby Hayes is a freelance blogger and journalist who writes for the personal finance blog, The Dough Roller, which covers topics ranging from credit scores and banking to how much money you should be saving. Abby has written on behalf of Dough Roller for Credit.com and Mint.com. She has been writing about personal finance for seven years, but also covers topics as diverse as bowling, credit union management and parenting.
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Passive Income for Seniors

You can rent out a room in your home to vacationers looking for a unique and affordable place to stay or offer to taxi people to the airport in your car. A variety of online companies can help connect you to people who want these and other services you might be able to provide.
3. Create a side business. Creating a side business during retirement can be a good investment of your time early on, especially if you start the business with a plan to turn it into a passive income stream in a few years. Whether you run a local brick-and-mortar business or a website, you should start with the goal of eventually hiring others to run the business for you.
Privacy Policy [See: 10 Ways to Reduce Your Housing Costs in Retirement.] Make sure your unused retirement savings are passed on to your intended heir.
Prescription Drug Costs for Retirees Passive income streams are ideal for retirees, because they help diversify your sources of income. And since passive income streams are relatively hands-off investments, they shouldn’t cut into your leisure time too much. Here are four options for earning a passive income in retirement:
6. Start a blog. If you have a niche topic you want to write about, consider starting your own blog. In addition to writing about subjects you’re interested in, you will need to create a community and build a following. Once you’re up and running, you can look into running advertisements on your blog or making money with affiliate links. However, the Federal Trade Commission has strict guidelines regarding advertising on the web, and you must disclose if you could make money off a link on your blog. You can also offer sponsored blog posts, courses and ebooks on your site to create additional revenue streams.
3. Sell your photos. If you have a knack for taking good cell phone pictures, you could make money selling your original images. Foap is a free smartphone app that allows you to list photos for sale. If someone buys your image for $10, you’ll walk away with $5 after Foap takes its cut. If you upload many different images, you could catch the eye of someone in the market for a particular photo. You can also add tags to your image to increase your chances of having your photo picked up. For example, you could tag a photo of your dog as “dog”, “pet” and “beagle” to boost its chances of showing up in searches. Also, instead of heavily edited or filtered photos, you’ll want to focus on taking crisp, yet realistic images.
Kayleigh Kulp | July 20, 2018 Interviewing 6 Common Myths About Estate Planning Dividends Kathleen Garvin is an editor at The Penny Hoarder, a personal finance website that covers a variety of ways you can save and make money. You can follow her on Twitter @itskgarvin.
Tom Sightings | July 13, 2018 4. Try peer-to-peer lending. This is a newer way to invest your money for more immediate income. You can lend to others through lending cooperatives like Prosper or Lending Club. You’re basically becoming the bank for someone who needs to borrow money. With peer-to-peer lending, you take on higher risk, but also have the potential to reap higher rewards. The interest rates you can charge are higher than what you are likely to receive from a bond or certificate of deposit, and you’ll often get your return on the investment more quickly.
Comb through the misconceptions surrounding annuities to better understand this retirement option.
Get more for your money. Whether you are a teacher, musician or business executive, there is often money to be made passing your skills on to the next generation. You might be able to tutor children in math or coach small business owners to better manage their company.
House-sitting stretches nest eggs by combining two big retiree expenses: travel and housing. 100 Best Jobs Comb through the misconceptions surrounding annuities to better understand this retirement option.
Guidelines for Investing a Retirement Portfolio On Retirement Passive income streams are ideal for retirees, because they help diversify your sources of income. And since passive income streams are relatively hands-off investments, they shouldn’t cut into your leisure time too much. Here are four options for earning a passive income in retirement:
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Emily Brandon | June 28, 2018 Taxes Retirement Savings Ahead of the Curve? Investing for Retirement: How to Design A Plan that Anticipates the Unexpected
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